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Q. Important points about the classic model?
The most important points about the classic model are as following:
explain circular flow of income in an open economy
Explain the law of diminishing marginal returns using the example of a factory which is currently running at half capacity and employs more staff
Process to control inflation rate The belief that control of inflation must be the primary economic objective of government can be traced back to neo-liberal revolution that st
All of the following fiscal policies will contribute to increasing budget deficits except: A. cuts in aid to farmers. B. tax cuts. C. increases in defense expenditures. D. increase
If population growth is greater than the growth of real output, A. real per capita Gross Domestic Product (GDP) growth will be less than the growth of real Gross Domestic Product
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Construct two graphs that exhibit equilibrium in the petrol market - assume that there are no taxes. Clearly label the equilibrium values. (a) Graph the AFC, AVC, ATC, and MC fu
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derive equations for IS,LM and AD curves.
What is the difference between heckscher_olin theory and comparative theory
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